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Are Millennial’s worried about being able to afford a home?

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Are millennial’s worried about ever being able to afford a home in Toronto and the GTA? Here is what a survey according to KPMG revealed …

  • 54% of millennials expect to be able to afford a home one day. A significant change from previous generations.
  • 65% also said that if they bought a house, they feared not having enough money for retirement.
  • 42% are putting their savings on hold to pay down/off their mortgage.
  • 38% of millennial homeowners believe that they paid too much for their home and fear it wont be worth the same value when they retire.
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